The 2010 Global Financial Services Centres Conference

Tuesday 27thth and Wednesday 28thth April 2010


Michael Mainelli

Executive Chairman
Professor Michael Mainelli chairs Z/Yen, the City of London's leading commercial think-tank, which he co-founded in 1994 to promote societal advance through better finance and technology. Michael started as a research scientist in aerospace (rocket science) and computing, later becoming a partner and board member in a leading accountancy firm, before a spell as Corporate Development Director of Europe's largest R&D organisation, the UK's Defence Evaluation and Research Agency. Michael is Mercers' School Memorial Professor of Commerce at Gresham College, Visting Professor at LSE where he obtained his PhD, was the British Computer Society's Director of the Year 2004/2005 and created the London Accord, the world's leading research cooperative into environmental, social and governance investment. Based on Z/Yen's work with all the leading global banks, Michael created the Global Financial Centres Index in 2005.

The GFCI 7 report, published in March 2010 can be found here.

The GFCI 6 report, published in September 2009 can be found here.

The GFCI 5 report, published in March 2009 can be found here.

Peter Wallison

US Congress Financial Crisis Inquiry Commission
Peter J. Wallison holds the Arthur F. Burns Chair in Financial Market Studies and is co-director of American Enterprise Institute's ('AEI') program on financial market deregulation. Prior to joining AEI, he practiced banking, corporate, and financial law at Gibson, Dunn & Crutcher in Washington, D.C., and New York. Mr. Wallison has held a number of government positions. From June 1981 to January 1985, he was general counsel of the United States Treasury Department, where he had a significant role in the development of the Reagan administration's proposals for deregulation in the financial services industry, served as general counsel to the Depository Institutions Deregulation Committee, and participated in the Treasury Department's efforts to deal with the debt held by less-developed countries. During 1986 and 1987, Mr. Wallison was White House counsel to President Ronald Reagan. Between 1972 and 1976, Mr. Wallison served first as special assistant to New York's Gov. Nelson A. Rockefeller and, subsequently, as counsel to Mr. Rockefeller when he was vice president of the United States.

Stefan Gavell

Executive Vice President and Head of Regulatory and Industry Affairs
State Street

Stefan M. Gavell is Executive Vice President and Head of Regulatory and Industry Affairs and has responsibility for global regulatory and government relations as well as policy development. He is also President of State Street International Holdings, the holding company for State Street's principal international subsidiaries.

Mr. Gavell has worked for more than 30 years in the financial services industry in the U.S., Europe and Asia. He joined State Street in 1990 as General Manager of the Tokyo office. In 1994 he relocated to London, where he was responsible for State Street's Markets businesses in Europe. He returned to the U.S. in 2000 to head international markets activities. Subsequently he served as interim Chief Financial Officer, after which he was appointed Corporate Treasurer. Mr. Gavell chaired the State Street's Investment Committee from 2000 to 2005, and currently serves on the Basel II, Capital, and other committees of the Corporation.

Mr. Gavell was born in Washington, D.C. He began his career at Credit Industriel et Commercial, in New York and Paris. Prior to joining State Street, he worked for Mellon Bank in Hong Kong and Japan. He holds an M.B.A. in Finance from Columbia University and a B.A. in Economics and Government from Oberlin College.

Mr. Gavell serves on the boards of several industry associations and currently serves as Chairman of the American Bankers Association Securities Association. He is also a member of the ABA Future Regulatory Reform Task Force. He is married, with two daughters.

Rod Roman

Head of EMEIA Banking Tax Team
Ernst & Young

Rod is Head of EMEIA Banking Tax Practice. Rod is a qualified Chartered Accountant and Corporate Treasurer and has been specialising in the taxation of financial transactions since 1989. Having trained at Arthur Andersen, Rod spent five years at British Petroleum, in London and in US, as principal tax adviser to the Group's treasury operations. Rod joined Ernst & Young as a partner in 1996. Rod's background is in the tax treatment of debt, equity and financial instruments. In his current role he is lead tax partner on one major UK listed Bank and leads a Pan European team of tax partners servicing major Banks across the full range of their tax needs.

Daniel J Mitchell

Senior Fellow
The Cato Institute
Daniel J. Mitchell is a top expert on tax reform and supply-side tax policy. Mitchell is a strong advocate of a flat tax and international tax competition. Prior to joining Cato, Mitchell was a senior fellow with The Heritage Foundation, and an economist for Senator Bob Packwood and the Senate Finance Committee. He also served on the 1988 Bush/Quayle transition team and was Director of Tax and Budget Policy for Citizens for a Sound Economy. His articles can be found in such publications as the Wall Street Journal, New York Times, Investor's Business Daily, and Washington Times. He is a frequent guest on radio and television and a popular speaker on the lecture circuit. Mitchell holds bachelor's and master's degrees in economics from the University of Georgia and a Ph.D. in economics from George Mason University.

Peter De Proft

Director General

Peter De Proft is the Director General of EFAMA (The European Fund and Asset Management Association), a position he took up in October 2007. Prior to his appointment with EFAMA, he was CEO at Fortis Investment Management Belgium (2004-2007), where he was responsible for the development and implementation of the global Fortis Investments strategy at Belgian level, and he has also previously held the position of Executive Director at Banque Nagelmackers 1747 / Groupe Delta Lloyd (2001-2004).

Mr De Proft has held a number of board positions in the fund & asset management industry, including Chairman of the Board of BEAMA (Belgian Asset Managers Association), Board Member and Vice Chairman of Febelfin (2004- 2006); Board Member of Fefsi/Efama (2002 - 2004); Board Member of FEBELFIN (2002 - 2004). He is a member of the MiFID Level 3 expert consultative group, and has previously been a member of the MiFID Level 2 Consultative Working Group of Market Participants (2004-05), and the Efficiency Expert Group for the European Commission in order to enhance the single market framework for investment funds (January - June 2006). In May 2009, he was appointed Chairman of the International Investment Funds Association (IIFA).

A trained lawyer, Mr De Proft was educated at The Free University, Brussels, where he received a degree in Law (with specialisation in economic, financial and tax law) in 1976, and an additional degree in Economic Law in 1977.

Paul Atkins

Member TARP Oversight Panel, US Congress & Former Commissioner SEC

Paul Atkins is a Managing Director of Patomak Partners, a financial services consulting firm. He also serves as a member of the Congressional Oversight Panel for the Troubled Asset Relief Program and is a visiting scholar at the American Enterprise Institute for Public Policy Research.

Paul Atkins is a former Commissioner of the U.S. Securities and Exchange Commission. He was appointed by President George W. Bush in July 2002 and served until August 2008. During his two terms, he advocated transparency and consistency in the SEC's decision-making and operations; smarter regulation that considers costs and benefits; improvements to the competitiveness and attractiveness of the US capital markets, and investor protection and education (including by personally conducting more than 50 investor town hall meetings with military personnel and other investor groups). He represented the SEC at various meetings of the US-EU Transatlantic Economic Council, the President's Working Group on Financial Markets, the World Economic Forum, and the Transatlantic Business Dialogue. He paid official visits to almost two dozen countries on five continents.

Prior to his appointment as commissioner, Mr. Atkins was a partner of Pricewaterhouse Coopers and its predecessor firm, Coopers & Lybrand. He focused on advisory work for financial services firms, including regulatory compliance, internal controls, and risk management issues. During 1996-1997, he was president of Resort Funding, Inc., a publicly-listed time-share finance company, whose business he helped rebuild, increasing its share value by almost 2000% before its ultimate sale to Cendant. From 1990-1994 he served on the staffs of SEC chairmen Richard C. Breeden and Arthur Levitt as chief of staff and counsellor, respectively.

Mr. Atkins began his career as a lawyer with Davis Polk & Wardwell in New York City, focusing on a wide range of corporate finance and M&A transactions for U.S. and foreign clients. He was resident for 2 and a half years in his firm's Paris office and admitted as counseil juridique in France in 1988. Mr. Atkins received his A.B., summa cum laude and Phi Beta Kappa, from Wofford College and his J.D. from Vanderbilt University School of Law, where he was Senior Student Writing Editor of the Vanderbilt Law Review.

Matthew Elderfield

Head of Financial Supervision
Central Bank of Ireland

Matthew Elderfield was appointed to the position of the Head of Financial Regulation in the restructured Central Bank in January 2010. In his current role, Matthew Elderfield will also combine the roles of Head of Financial Regulation and Consumer Director.

Prior to taking up this role, he was Chief Executive of the Bermuda Monetary Authority (BMA) from 2007-2009. The Bermuda Monetary Authority is the integrated financial regulator for Bermuda's financial markets, with responsibility for supervision of insurance and reinsurance, banking, funds, investment firms and trust companies. Mr Elderfield represented the BMA on the Technical Committee of the International Association of Insurance Supervisors.

Prior to joining the BMA, he spent eight years at the UK Financial Services Authority (FSA) as a Head of Department in a variety of posts, responsible for exchange and clearing house supervision, for secondary markets and listing policy and for banking supervision. In this latter role, he represented the FSA on the Basle Accord Implementation Group and chaired the FSA panel responsible for economic capital model review.

Before joining the FSA, Matthew Elderfield established the European operations of the International Swaps and Derivatives Association (ISDA) and held posts at the London Investment Banking Association, the British Bankers Association and a Washington-DC based consultancy firm, the Institute for Strategy Development.

He is the Consultant Editor of 'A Practitioners Guide to the Markets in Financial Instruments Directive' and has contributed chapters on exchange, derivatives and capital adequacy regulation for a number of publications.

Matthew Elderfield graduated from Cambridge University in 1988 with a Masters degree in International Relations, and earned a Bachelors degree in Foreign Service, cum laude, from the School of Foreign Service, Georgetown University in 1987.

He is a British citizen and is married. His interests are cycling, Leeds United and music.

Barry O'Leary

IDA Ireland

In October 2007 Barry O'Leary was appointed Chief Executive Designate of IDA Ireland. He took over the role of CEO from Sean Dorgan on January 1st 2008. Prior to this appointment he was Divisional Manager of the IDA's LifeSciences and Information and Communications Technology business units.

Mr. O'Leary has worked in IDA for over 30 years in most of its business areas including two periods totalling 15 years in Germany, latterly as Director of Europe. He originally moved to Cologne in 1983 and from 1985 to 1991 he was based in Munich. Between 1991 and 1995 he was responsible for Consumer Products and International Services in IDA in Dublin. On his return to Germany in 1995 he was responsible for running IDA's offices in Stuttgart and Dusseldorf which covered Germany, Austria, Switzerland and Italy. He subsequently became Director of Europe and centralised IDA's German offices into Frankfurt. During this period he was closely associated with winning major projects from companies such as Bertelsmann , SAP, Deutsche Bank, Lufthansa, Kostal, Allianz and a number of key Italian financial services projects.

On his return to Ireland in late 2002 Mr. O'Leary was initially appointed Divisional Manager Pharmaceuticals and Biopharmaceuticals and a member of the IDA's Executive Committee. His responsibilities were increased in 2004 to include the LifeSciences and Information and Communications Technology areas.

He has been deeply involved in changing the profile and raising the value of Ireland's inward investments over the past ten years. He has been primarily responsible for the successful establishment of Ireland as the leading global location outside the US for biopharmaceuticals. He has also undertaken strategic change and built new strengths in R&D, medical technologies, information and communications technology and other areas.

Mr. O'Leary led IDA teams in winning significant investments from a number of key clients such as Lilly BioPharma, Servier, Pfizer, Centocor, Cordis, IBM, Kelloggs, Altana, Merck and Cisco Systems among others.

Barry O'Leary has held a number of different positions in industrial companies prior to joining IDA Ireland, including Nestle and the Smurfit Group. He is a Board Member of Forfas.

Michael Ryan

Deputy Chief Executive
Qatar Financial Centre Regulatory Authority
Michael Ryan joined Qatar Financial Centre Regulatory Authority in 2009 as Managing Director responsible for legal and policy matters. He has previously worked in New York, London and, most recently, Dublin where he was Head of the Bank of America Merrill Lynch operations in Ireland He has extensive experience of policy development connected with creating a successful financial services environment.

Anne Craine

Treasury Minister
Isle of Man Government

Hon. Anne Craine, Member of the House of Keys (MHK) is the Treasury Minister for the Isle of Man Government, taking up this position on 1st April 2010. She previously held the post of Minister of Education from 2006 to April 2010 and was elected to the House of Keys in 2003.

She has been a Member of the Department of Local Government and the Environment (2003 -2006); Department of Trade and Industry (2004 - 2005); and Department of Health and Social Security (2005-2006). She is also Chair of the Manx Heritage Foundation (2007 to date).

She has served on various Committees of Tynwald, including the Standing Committee on Economic Initiatives (2004 - 06), the Standing Committee on Expenditure and Public Accounts (2004-06) and the Tynwald Standards and Members' Interests Committee (2006 to date), and has represented the Island at Commonwealth Parliamentary Association Plenary Conferences.

Mrs Craine was born on the Isle of Man on 30th April 1954 and was educated at Ramsey Grammar School and St Godric's Secretarial College, London.

She is married with three children and her interests are family and young people, local history, adventure travel and poetry.

Keith Boyfield

Managing Director
Keith Boyfield Associates
Keith Boyfield is an internationally recognised economist and the author of over ninety publications on public policy and planning issues, economic development and regulatory policy. He chairs the FCSDublin, 2018 Session on Developing Professional Services (12.00 hrs Oct 3rd), and has just spoken at the Conference of the Nigerian Bar Association, (attended by over 10,000 delegates) coinciding with the visit of UK Prime Minister Theresa May, there in September in Abuja (See: his interview on CNBC Africa here ) , and, more recently, on Al Jazeera (at 6:50) , commenting on the implications of the Saudi journalist Kashoggi affair, including its impact on the Saudi investment conference in Riyadh this month.
Keith has been an adviser to the European Commission and he has also acted as a consultant to some of the world's largest companies , trade bodies and organisations, including Aon, the BBC, the British Private Equity & Venture Capital Association (BVCA), the Commonwealth Business Council, The Crown Estate, KPMG, Mott MacDonald Ltd., the Swiss Bankers' Association and Thomson Reuters plc. His consultancy work focuses on the agri-business, energy, financial services, media, property and transport sectors.
Keith has built up a strong relationship with several leading think tanks, notably the Centre for Policy Studies, founded by Prime Minister Margaret Thatcher and Sir Keith Joseph. He is also a Fellow of the Institute of Economic Affairs (IEA) and a Senior Fellow of the Adam Smith Institute. In addition, he is a Research Fellow of the European Policy Forum, chaired by Lord Tugendhat; the Kosciuszko Institute in Poland; and the Euro Gulf Information Centre, a recently established international relations institute located in Rome.
He has contributed to The Financial Times, The Wall Street Journal, The Times, The Daily Telegraph, City AM, The Yorkshire Post and La Razon in Madrid. He is also a frequent commentator on a range of international broadcast channels including Al Jazeera, the BBC and Radio France Internationale (RFI).

PJ Henehan

Tax Partner, Financial Services Group
Ernst & Young

PJ has been with Ernst & Young for over 25 years. He has over two decades of experience in the taxation field and is a leading expert in structuring financial products for banks, fund management, insurance companies and high net worth clients. He is a member of the Ernst & Young Global Financial Services Group, comprising professionals from a number of disciplines such as tax, structured finance, audit and actuarial services.

PJ regularly lectures on taxation for various professional organisations in Ireland and abroad. He has also produced numerous articles and booklets for Ernst & Young and its clients. He was a member of the Taoiseach's Insurance Committee, which advises Government on development of Ireland as an insurance domicile of choice for over 15 years.

Marcus Killick

Chief Executive
Financial Services Commission, Gibraltar
(Chief Executive) LLb, Mphil, Fellow of the Securities Institute, took over as Chairman and Commissioner of the Commission on 5th April 2003 and became its first Chief Executive following the introduction of the Financial Services Commission Act 2007. Mr Killick is an English barrister by training and is also a member of the New York State Bar. From 1998 until 2003 he was a Director in the International Regulatory Services Team of KPMG, based in the UK. He has also previously held positions as Deputy Chief Executive of the Isle of Man Financial Supervision Commission, and Head of Banking, Trusts and Investment Services at the Cayman Islands Monetary Authority.

Cormac Kissane

Partner, Arthur Cox and Chair, Stakeholder Consultative Group
Cormac Murphy is head of the firm's Capital Markets Group. He advises on a full range of capital markets, structured finance and related issues. Cormac has advised on the securitisation of a wide variety of asset classes, acting for both domestic and international clients, as well as on the establishment of covered bond programmes. He also advises on a broad range of debt capital markets transactions including corporate and high-yield bonds, medium term note and commercial paper programmes, tier 1 and other hybrid-type securities. Cormac is also a member of the firm's Financial Regulatory Group where he focuses particularly on bank regulatory matters and derivatives. Cormac previously worked for leading international law firms in London, New York and Hong Kong. He has lectured in Trinity College, Dublin on Finance Law.

Janet Ecker

Toronto Financial Services Alliance & Former Ontario Finance Minister

Janet L. Ecker has a proven track record of accomplishment inside and outside government in public policy and public affairs. A former Ontario Finance Minister, she managed some of the toughest files at Queen's Park from social services and education, to economic policy and public-private partnerships.

Currently President of the Toronto Financial Services Alliance (TFSA), she heads a growing public-private partnership dedicated to increasing Toronto's role as a global financial hub and one of the two pre-eminent financial centres in North America. First established by the City of Toronto in partnership with the financial industry, TFSA works on behalf of the entire financial cluster, including its business and educational support sectors.

As its partnerships have expanded to include the federal and provincial governments, along with the City, TFSA's role is growing to encompass business attraction initiatives and specifically targeted research to drive strategic growth and marketing activities. It focuses on Toronto's strong value proposition as a financial hub, the sector's growing international reputation for safety and stability during the recent global economic turmoil, the City's excellent quality of life and its diverse, well-educated talent pool. Working with Ontario, the City and its education and financial partners, TFSA is also establishing the Centre of Excellence for Financial Services Education, to leverage the region's human capital advantages.

Ms. Ecker also serves as Public Policy Advisor to Tramore Group, a project and change management professional services firm. The chair of the Rouge Valley Health System, she sits on a number of corporate and non-profit boards, is a former fellow with the School of Policy Studies at Queen's University, and is also a frequent public speaker and media commentator. The first woman to deliver a budget in Ontario in 2002, she received a 'Canada's Most Powerful Women: Top 100 Award' from the Women's Executive Network and the Richard Ivey School of Business in 2003. She is also a member of the Advisory Committee for Equal Voice, a national, multi-partisan organization working to elect more women.

Peter O'Dwyer

Hainault Capital
Peter has over 15 years experience in the international mutual fund and hedge fund industry, working in London, Germany and Ireland. He was the managing director of a successful international equity arbitrage fund and has set up a number of funds of hedge funds and index funds. He is an independent director of a several alternative investment funds in Europe and the Cayman Islands, including the world's first Sharia hedge fund. He is an economics and business studies graduate of Trinity College Dublin and a fellow of the Institute of Chartered Accountants in Ireland. He was formerly CEO of Gensec Bank in Europe and also worked as an international financial services tax consultant with PricewaterhouseCoopers and KPMG. He was a founding member of the editorial board of 'Internationales Steuerrecht', and is an editorial board member of 'Offshore Investment'.

Jessica Tan


Jessica Tan is a Partner with McKinsey & Company, based in Singapore. She leads McKinsey's Financial Services practice in Southeast Asia.

She has worked with a broad range of financial services players in Southeast Asia and Greater China, ranging from financial regulators to leading multi-national, and Asian financial services players. In recent years, her focus has been mostly on Asia regional growth strategies and the implications on the business models and operating platforms for different players and Asian financial centers.

Some of her recent client experiences include:

  • For a leading financial center in Asia, reviewed the entire financial services market landscape to identify potential discontinuities and growth opportunities, and shaped its next 10-year strategy post the recent crisis
  • For one of the largest pan-Asian financial services player, working with them on strategy, organization, marketing, and operations issuesover the past five years, where they are on track to double their profits in five years while sustaining their market leadership across Asia
  • For one of the fastest growth regional Asian universal bank, working with them on regional M&A, business transformation, and strategy over the past three years, where they have expanded from a dual-country operations to a regional universal business franchise

    Jessica earned 3 degrees simultaneously within 4 years from the Massachusetts Institute of Technology (MIT) with an overall GPA of 5.0/5.0. She is an active public speaker at several conferences in Asia on topics related to Women in Business, Banking, and Technology.

    Jessica lives with her husband and her two daughters in Singapore. She can read and write English and Mandarin fluently, as well as speak conversational Cantonese and Hokkien. In her free time, she works with Northlight School and Singapore International Foundation (SIF) as a volunteer to coach students.

John Cullinane

Senior Tax Partner

John is a Senior Tax Partner specialising in financial, international and corporate tax and in advising public authorities and others on developing taxation systems and on tax issues concerning building successful Financial Centres.

Examples of engagements
Projects for Sovereign Governments including involvement in Deloitte's work for the Foot Review for the UK Treasury on UK offshore financial centres.
Leading the tax component of the Qatar Financial Centre project from the feasibility stage through to detailed design work on the proposed tax regime.

Summarised CV Degree in Philosophy Politics & Economics, Oxford University 1977 Worked for then Department of Employment Group (1977-1986) specialising in European Union negotiation. Andersen (1986-2002), Deloitte (2002-present) specialising in financial services, international and corporate tax. President of The Chartered Institute of Taxation, 2006-2007 Regular writer and presenter on tax issues

Dan Gallagher

Former SEC Commissioner, USA; Partner, Deputy Chair, Securities Department, WilmerHale

Daniel M Gallagher former Commissioner of the U.S. Securities and Exchange Commission (SEC) from November 7, 2011 to October 2, 2015, and is Deputy Chair of the Securities Department of WilmerHale. He was President of Patomak Global Partners, LLC, until 2017, was Chief Legal Officer of Mylan Corp, and is a former director of the Irish Stock Exchange. As SEC Commissioner, he directed the SEC's reform of Money Market Funds regulation in the United States. See Dan speaking about the last financial crisis and its potential to happen again on CNBC, Sept 9th 2018.

Mr. Gallagher previously served as the chief legal officer at Mylan N.V., a leading global pharmaceutical company; as the president of a financial services consulting firm; and as an SEC Commissioner. As an SEC Commissioner, Mr. Gallagher championed corporate governance reform, advocated for a comprehensive holistic review of equity market structural issues, and encouraged greatly improving the commission's fixed income market expertise.

Mr. Gallagher also served on SEC staff in various senior roles, including as the deputy director and co-acting director of the Division of Trading and Markets, where he was on the front lines of the agency's response to the financial crisis, including representing the commission in the Lehman Brothers liquidation. He was also a counsel to former SEC Commissioner Paul Atkins and to former Chairman Christopher Cox, working on matters involving the Division of Enforcement and the Division of Trading and Markets.

Earlier in his career, Mr. Gallagher was the senior vice president and general counsel of a global provider of financial services technology, where he managing all legal and regulatory matters. He first joined WilmerHale in 1993 as an associate in the firm's Securities Department.

Professional Activities

Mr. Gallagher serves on the boards of the National Association of Corporate Directors (NACD), a leading membership organization for corporate board directors, and Symbiont, a blockchain technology company developing products in smart contracts and distributed ledgers for use in capital markets. He was formerly a non-executive director of the Irish Stock Exchange.

He is also on the advisory boards for the Institute for Law and Economics at the University of Pennsylvania and the Center for Corporate Governance, part of the Raj & Kamla Gupta Governance Institute in Drexel University's LeBow College of Business.

David Kinloch

Labuan IBFC

David Kinloch brings with him over 35 years experience in the offshore financial services industry, having worked in senior management capacities in leading offshore centers such as Bermuda, Malta, Hong Kong and with many other leading jurisdictions.

His professional history includes assignments with the Virgin Group of Companies United Kingdom, Jardine Matheson in Hong Kong, Lloyds syndicates in London, the Middle Sea Insurance company in Malta and Mobil Oil to name a few.

Prior to his appointment as CEO, Kinloch acted as Labuan IBFC's Corporate Insurance Advisor, providing advice on insurance and reinsurance matters with a special focus on developing Labuan's capacity as a regional captive insurance centre.

Kinloch is based in Kuala Lumpur, plays bad golf when time permits and is a keen amateur oenologist.

Julie Patterson

Director, Authorised Funds & Tax
Investment Management Association

Julie Patterson directs the work of the Investment Management Association on issues impacting authorised funds (regulation, operations, accounting and tax) and on other tax matters (direct and indirect) impacting investment management products and services. She leads a team of people with a wide variety of experience and skills, including specialist knowledge in product regulation, retail distribution, fund accounting, operations and tax.

After working for a number of industrial and professional firms, she joined the Bank of England in 1984. She spent 14 years at the Bank, during which she had a variety of responsibilities - markets surveillance, banking supervision, personnel, management of the Government's yen-denominated reserves - graduating to Senior Manager, FX clearing houses. In 1998, she transferred to the Markets & Exchanges Division of the newly?created Financial Services Authority, before joining the Association of Unit Trusts and Investment Funds (the predecessor of IMA) in 1999 as Senior International Policy Adviser. She was appointed to Director in 2001.

Edouard de Lencquesaing

Special Advisor
Paris EUROPLACE: The Paris Financial Markets Organization

Edouard de Lencquesaing is Conseiller of Paris EUROPLACE, The Paris Financial Markets Organization which was created by the major representative institutions of the Paris financial market: AFECEI (The French Association of Credit Institutions and Investment Firms), Banque de France, Caisse des Depots et Consignations (State bank receiving government and savings bank deposits and a major investor), Chambre de Commerce et de l'Industrie de Paris (Paris Chamber of Commerce), Conseil Regional d'Ile de France (the Legislative Council for the Ile-de-France region, in which Paris is located), Euronext Paris, Euroclear (ex-Sicovam), City of Paris.

The Paris EUROPLACE Board is chaired by Gerard Mestrallet, Chairman of Suez, and made up of representatives of both founders and associated members. The Steering Committee, chaired by Jean-Francois THEODORE, Chairman of the Managing Board, Euronext NV, CEO, Euronext, provides the executive leadership for the implementation of the Association's actions.

Kenneth Farrugia


Kenneth joined Bank of Valletta Group in October 1985, and in 1994 was appointed to a management position following his role within a project team to set-up Valletta Fund Management Limited, the fund management arm of the Bank of Valletta Group, Malta 's leading financial services organisation. In 1999, he was appointed as Assistant General Manager of the Company and then General Manager in December 2004. In October 2006, Kenneth was appointed as a Director on the Board of Directors of Valletta Fund Management and General Manager of Valletta Fund Services Limited. In May 2008, Kenneth was appointed as Chief Officer at Bank of Valletta and currently sits on the Group's Executive Board.

For two years up until January 2009, Kenneth also served as Chairman of Malta's Financial Services Consultative Council, whose members are associations and representative bodies in the financial services industry that represent licence holders that are licensed by the Malta Financial Services Authority and that fall under the MFSA's direct area of supervision. Kenneth is also the Chairman of the Malta Fund Industry Association which represents the fund management and fund servicing operators set up in Malta and Vice Chairman on the Board of Governors of FinanceMalta, an alliance between Government and the Financial Services Industry vested with the core remit to promote Malta as a financial services centre of repute.

Kenneth was appointed FinanceMalta Chairman in April 2009.

Matthew Brodrick

Partner in FS Government in EMEIA Financial Services
Ernst & Young

Matt has significant experience in the areas of retail banking and consumer credit. In his current role, he advises government, regulators, central banks and other authorities on measures required to restore banking and financial stability following the banking crisis. Matt has worked in a variety of environments, including Government, large corporates, start-ups, professional services and a significant period of time running his own consulting business.

Matt has worked with some of the leading names in financial services, including Lloyds TSB, HBOS, MBNA, Bradford and Bingley, Alliance and Leicester, and has worked in a variety of locations across the UK, and internationally.

Hubertus Väth

Managing Director
Frankfurt Main Finance
Hubertus Väth is the Managing Director of Frankfurt Main Finance, as well as the founder and Managing Director of NewMark Finanzkommunikation. Prior to this, he spent nearly twelve years working for Deutsche Bank, in positions such as Analyst, Asia Head of Communications, Head of Economic Research for Asia and Global Head of Marketing for Wealth Management in Frankfurt, Hamburg and Singapore. Mr. Vaeth founded the German and European Structured Products Association and is frequently invited to deliver lectures or participate in panel discussions. He holds a Masters Degree in Economics at the University of Mainz. He is also a member of the German Economic Council.

Deirdre Somers

Chief Executive
The Irish Stock Exchange
Deirdre Somers was appointed Chief Executive of the Irish Stock Exchange (ISE) in June 2007. Previously she was Director of Listing, where she had responsibility for domestic and international listings. During her tenure the ISE became a leader in the listing of international investment funds and structured and straight debt instruments. She also oversaw the establishment of IEX - the specialized junior market for Irish enterprise. Deirdre is a member of the Taoiseach's Clearing House Group, the Financial Law Advisory Forum, and has chaired a number of EU Council securities legislation groups. A chartered accountant, prior to joining the ISE in 1995 she specialised in international tax with KPMG.

Angela Maddaloni

Senior Economist
European Central Bank

Angela Maddaloni is a Senior Economist in the Financial Research Division of the European Central Bank, where she has worked since 2001. Her research and policy interest cover a wide range of topics related to financial markets developments, financial integration and corporate governance. Recently her research has focused on the interactions between financial market developments, monetary policy and financial stability. Her research has been presented in major academic conferences and policy seminars worldwide. Dr. Maddaloni holds a Ph.D. from Columbia University.

John Ingamells


Formerly a British diplomat, John was appointed adviser to the Director of Economic Development, City of London Corporation in 2008, and in 2009, Director, of the newly founded TheCityUK, to represent all UK financial services centres including London. Key dates in his career are: 1984 - 1999 HM Diplomatic Service;1 984 FCO, London. 1985 - 1990 Political Secretary, British Embassy, Seoul, Republic of Korea, 1990 - 1994 Press Attache, British Embassy, Buenos Aires, Argentina,1994 - 1998 FCO, London;1999 FCO Secondment to IFSL (then 'BI');1999 - 2008 Director of Public Affairs, Fidelity International; 2008 Adviser to the Director of Economic Development, City of London Corporation; 2009 Director, TheCityUK.

John has also served as Chair of Governors at a large Comprehensive school in Hertfordshire for the last 4 years. His Interests include backgammon and wine.

Pablo Rivera Villaverde

Assistant Director
Madrid Financial Centre
Pablo Rivera, graduated in Law and Economics, is Deputy Director at Madrid Centro Financiero since June 2009. Madrid Centro Financiero is the organization responsible for boosting international promotion projects in Madrid in partnership with the main financial institutions and markets, business schools and local authorities. Pablo's duties focus on regulation and financial technology matters. After some years at Ernst & Young dealing with international fiscal matters he joined the Spanish Securities Commission (CNMV) between 1988 and 2001, where, as Head of International Relations, was thoroughly involved in the work of IOSCO's Technical Committee and he was mainly focused on international cooperation relating to cross-border investigations and where he led the projects that relocated IOSCO Secretariat to Madrid and created the Iberoamerican Institute of Securities Markets (IIMV). He also represented the CNMV at IOSCO's Internet Task Force and Working Party 4 on Exchange of Information and was responsible for all EU Commission initiatives and those coming from Basel Committee, Financial Action Task Force, and Financial Stability Board, among others. Afterwards, he was Managing Director of Technology at Grupo Prisa (the largest listed media group in Spanish Language present in 22 countries) from 2001 to 2009, being responsible for defining and executing deep organizational changes aimed at evolving the Group towards a technology-oriented organization. Pablo has also been professor of the Master Degree in Financial Economy at ICADE (Madrid), as well as panelist at various forums such as 'Global Regulation of Financial Services on the Internet' (London), 'Forum on Internet and Securities Markets' (Buenos Aires), among others.

Boyd Winton

Head of Financial Services
Bahrain Economic Development Board

Working closely with the central bank as well as the government and private sector Boyd's primary role is the development of Bahrain as a financial centre.

Boyd has over 20 years of experience across a broad range of Wholesale Banking roles in Treasury, Capital Markets and Investment Banking. This has encompassed senior management roles at global and regional banks In Asia, Australia and the UK.

Boyd has degrees in both Economics and Commerce (accounting & finance) giving him a long history of looking at how the economy interacts with the financial environment.

Richard Hay

International Tax Principal & Head of the London Private Capital Group
Stikeman Elliott

Richard Hay is an international tax principal and the head of the London Private Capital Group. The group advises on international private banking and also advises governments, financial institutions and private clients on financial regulation and the information exchange initiatives conducted by the OECD, G20, the EU, the FATF and the IMF.

Richard is Co-Chairman of the London-based International Committee of the Society of Trust and Estate Practitioners. Richard is also a member of the International Bar Association, the International Tax Planning Association and the Law Society of England and Wales. Based in London since 1987, Richard's professional career has been conducted in London, Singapore, New York and Toronto.

Prior to entering practice in 1987, Richard was Law Clerk to the Chief Justice of the Supreme Court of Ontario (1979-80) and lectured in International Taxation and Corporate Law on the Faculties of Law at the National University of Singapore (1984-87) and the University of Ottawa (1981-84). Mr. Hay received the STEP award in 2008 for "Outstanding Contribution to the Profession" for work related to tax information exchange and financial regulation.

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